2109 2113 E Westport Drive, Anaheim, CA 92806
- $3,800,000
- List Price
- $3,800,000
- Status
- ACTIVE
- MLS#
- OC26018438
- Year Built
- 1959
- Lot Size
- 17,424
- Acres
- 0.40
- Lot Location
- Street Level
- Days on Market
- 37
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
- Neighborhood
- Other
Property Description
The Westporter Apartment Homes is a well-located 14-unit multifamily investment situated on two adjacent parcels with a shared central courtyard at 2109 & 2113 East Westport Drive in Anaheim. Constructed in 1959, the property features a desirable unit mix of 12 one-bed/one-bath units and 2 two-bed/one-bath units, supported by 14 garage spaces, security entry doors, and two on-site laundry facilities (one per building). The asset is being offered at a 5.26% CAP rate on current rents, with the potential to achieve a 6.73% CAP rate on market rents, providing clear income growth through continued rent optimization. Current ownership has implemented RUBS, allowing for the recovery of utility expenses and improving operational efficiency. Combined with ancillary income from laundry, The Westporter Apartment Homes presents investors with a balanced opportunity offering both immediate yield and long-term upside in one of Orange County’s most active rental markets.
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 14
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 14
- Gross Scheduled Income
- $303,274
- Operating Expense
- 101736
Listing courtesy of Listing Agent: Tyler Leeson (tleeson@marcusmillichap.com) from Listing Office: Marcus & Millichap RE Invest.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.